Flex Space with High
For Sale
$375,000
295 Urbandale Ave, Benton Harbor, MI 49022
Warehouse and office areas are complemented by a recording booth, kitchenette, and overhead door.
Property Size7,500 SF
Price / SF$50
Days on Market74
Property Features for 295 Urbandale Ave
General Information
Standard status
Active
Size
7,500 SF
Additional Details
Highway Access
Yes
Clear Height
26 ft
Building Details
Year Built
1986
Building Size
7,500 SF
Listing Agency:
Coldwell Banker Anchor R.E.
Listed By:
Wendy Morauske
(269) 369-3699
Source:
Katie-k
Added: Aug 3
Changed: Oct 10
Last Checked: Oct 7 at 3:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Anchor R.E.
Investment Insights
Based on property information with market context.
This 7,500 sq ft flex property combines warehouse capacity with multiple office areas and a recording booth. The building includes two bathrooms, a kitchenette, a large overhead exterior door, and ceiling heights reaching 26 feet. Mechanical systems include three furnaces and two AC units serving three zones. The property is being sold As-Is.
Located at 295 Urbandale Ave in Benton Harbor, the building sits along a commercial corridor with access to I-94 and Lake Michigan shoreline communities. Constructed in 1986, it offers a mix of production, storage, office, and specialized interior space within one commercial facility.
Located at 295 Urbandale Ave in Benton Harbor, the building sits along a commercial corridor with access to I-94 and Lake Michigan shoreline communities. Constructed in 1986, it offers a mix of production, storage, office, and specialized interior space within one commercial facility.
Key Highlights
- 7,500 sq ft flex property in Benton Harbor
- Ceiling heights reach 26 feet
- Multiple offices plus warehouse areas and a recording booth
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,507
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,140
$670.1K
Cap Rate 7%
$478,671
$478.7K
Cap Rate 9%
$372,300
$372.3K
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$52.2K $6.96/SF
− Vacancy
−$4.3K −$0.58/SF
EGI
$47.9K $6.38/SF
− OpEx
−$14.4K −$1.91/SF
NOI
$33.5K $4.47/SF
Area
Berrien County, MI
Vacancy
8.30%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,140
Cap Rate 7%
$478,671
Cap Rate 9%
$372,300
Alternative Uses
Best Use
Office B
$1.18M
$1.03M – $1.38M
NOI $82,623 @ 7.0% cap · market cap 22.03%
Second Best
Warehouse
$581.2K
$508.6K – $678.1K
NOI $40,687 @ 7.0% cap · market cap 10.85%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,474 @ 7.0% cap · market cap 29.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
26 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49022, MI
30,143
Population
14,484
Households
2.1
Avg Household Size
39
Median Age
18%
College-Educated
85%
High-School Grad
67.3 sq mi
ZIP Area
448
Density / Sq Mi
$39,859
Median Household Income
$29,530
Median Earnings
$797
Median Rent
$140,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse and office areas are complemented by a recording booth, kitchenette, and overhead door.
Where is this flex space located?
The property is located at 295 Urbandale Ave Benton Harbor, MI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 7,500 sq ft flex property in Benton Harbor; Ceiling heights reach 26 feet; Multiple offices plus warehouse areas and a recording booth
